The worst nightmare happened yesterday. Totalled?

[wookim.design]

28362

Alright folks, the worst nightmare happened yesterday, when you thought you are finished working on your car fixing all the little things and your car is finally dialed in, this happened.....
I feel like my insurance company is total loss the car and cut me a check but I dont think they would know the value of ZHPs and give me a lowball. How do i convince them this is a prestine condition ZHP with lots of maintenance done? Do you think there are ways for them to decide to repair the car? I would like to get it fixed but i feel like with value of E46 these days, thats highly unlikely. Any helps here? Thanks.

[danewilson77]

Yes. Totaled. Glad you're OK.

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[fw_fw]

No question...totalled. Start looking for other comparable ZHPs for sale by dealers on autotrader, cars.com, etc. and print out those ads for comparisons, because your insurance will low ball you. You will need those ads for comps when the inevitable arguing about the car's replacement value starts.

[ELCID86]

Very similar to my son's car that was totaled. Look for comps and don't take their first or second offer. Explain the rarity of the car. I ended up buying Colin's car back and selling it to a member here who put it back in road worthy order. No branded title here in VA b/c it's over 7 model years old. Check your state.

http://uploads.tapatalk-cdn.com/20161204/55b70489dc8886cd7a9b2618a4cfc1dc.jpg

[wookim.design]

No question...totalled. Start looking for other comparable ZHPs for sale by dealers on autotrader, cars.com, etc. and print out those ads for comparisons, because your insurance will low ball you. You will need those ads for comps when the inevitable arguing about the car's replacement value starts.

It has to be for sale by dealers? Or could i use private listings as well?

[fw_fw]

It has to be for sale by dealers? Or could i use private listings as well?

Go with dealers, they are the ones that set a market value.

[Ron///Man]

Sorry to see. It pains me to look at it since yours is the same exact car as mine.

I disagree about using just dealer prices unless you're talking dealers like Enthusiast Auto. Not sure if they handle ZHP's, but they do only handle enthusiast cars in top condition. The average dealer usually doesn't have cars in similar condition. They are usually neglected higher mileage well-used / abused cars. If you find similar cars at dealers, then yes, I'd use them, but you do also should use enthusiast prices for similar cars in similar condition. In the E30 M3 world (where I've spent most of my time) we can only use enthusiast prices because you'll never find them on dealer lots in any condition let alone in enthusiast condition. The Ins Co's do accept those values. You could probably argue the point with the Ins Co that enthusiast cars rarely wind up on dealer lots and often pass from one enthusiast to another by way of groups like this and BMW CCA etc. You have to push for restitution, and I'd use every tool at my disposal to do that. Use the BMW CCA Roundel for values too. Good luck and keep us posted.

[fw_fw]

Sorry to see. It pains me to look at it since yours is the same exact car as mine.

I disagree about using just dealer prices unless you're talking dealers like Enthusiast Auto. Not sure if they handle ZHP's, but they do only handle enthusiast cars in top condition. The average dealer usually doesn't have cars in similar condition. They are usually neglected higher mileage well-used / abused cars. If you find similar cars at dealers, then yes, I'd use them, but you do also should use enthusiast prices for similar cars in similar condition. In the E30 M3 world (where I've spent most of my time) we can only use enthusiast prices because you'll never find them on dealer lots in any condition let alone in enthusiast condition. The Ins Co's do accept those values. You could probably argue the point with the Ins Co that enthusiast cars rarely wind up on dealer lots and often pass from one enthusiast to another by way of groups like this and BMW CCA etc. You have to push for restitution, and I'd use every tool at my disposal to do that. Use the BMW CCA Roundel for values too. Good luck and keep us posted.

Agree with what you are saying, but in other experiences I've read about here the insurance adjuster will push for real dealer prices rather than enthusiast "outliers". Agree in using everything you can find, but there are enough specialist highland dealers across the USA (and use the whole USA & explain why) one should be able to find some good comps!

[hcbeck2689]

First off, Im sorry this happened. I feel your pain.


It has to be for sale by dealers? Or could i use private listings as well?
Use whoever has the highest price on their car. Fact is, insurance companies don't recognize maintenance costs and will not reimburse for that. Depending on who your insurance company is, you may or may not be allowed to use private sellers. I worked with geico and they did allow it.


Go with dealers, they are the ones that set a market value.
I disagree. Consumers set the market value. The fact is, the cars are worth so much bc people like us are willing to pay so much. But, if dealers have good prices on cars, use them.

Like many members here, the insurance i worked with low balled me at first. I had to turn down 2 offers until they got it right. They originally offered $5400, we settled at $10,600. And don't forget to ask for "loss of use" if you didn't get a rental. That adds a few hundred more.

Feel free to PM me. Those insurance agents can be sharks.



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[BMWCurves]

If you're looking for another specialty dealership that has high ZHP prices, also look at BimmersRUs: http://www.bimmersrus.com/for-sale/inventory/

[fw_fw]

I disagree. Consumers set the market value. The fact is, the cars are worth so much bc people like us are willing to pay so much. But, if dealers have good prices on cars, use them.



The "market values" that are used by insurance companies default to book values, which are set by dealer and auction sales, not individual enthusiasts like us buying from each other. This is why the more higher dealer comps you get the better off you are arguing your case, just like you had to. OP, by all means though, find ALL the best comps one can find to get a better appraisal.

[hcbeck2689]

The "market values" that are used by insurance companies default to book values, which are set by dealer and auction sales, not individual enthusiasts like us buying from each other. This is why the more higher dealer comps you get the better off you are arguing your case, just like you had to. OP, by all means though, find ALL the best comps one can find to get a better appraisal.

I see what you mean. To clarify, I got so much more out of the insurance bc I used CL ads. There are very few autotrader and dealer ads for ZHPs these days, esp when the insurance rep wants same model, region, and mileage. Basically the only wiggle room I had was color.

Dealer comps...just ask EAG for a list of cars sold and prices from the last 2 years :rofl


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[3ZHP]

I talked to my insurance agent a few years ago, about appraised value and he said it probably wouldn't be worth it. He said, my picture history, maintenance records, could be used in the actual value, if I had a claim.


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[GotZHP]

Man, sorry to see another ZHP go. Yes, that car is most certainly totaled but you are ok and that is what matters. Send me a pm if you have any questions about the insurance claim process, the value of your car, and things you could do to get more money from the insurance company. My build thread has some advice on dealing with an insurance company but I did not post all of the details of my recent claim.

Let us know how much they offer you and we the forum can help if that number does not seem right. As for the ZHP package, at first, that only added $800 dollars to the value of my car, which, by the books, is all the options are worth when added individually. And if you are looking for another ZHP, people post many ads on this site so keep your eyes open.

[johnrando]

Sorry to hear. What they said. Remember, it would likely go to arbitration if you can't agree and the insurance companies don't want that, so come armed with data and stand strong.

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[NYRhockey]

Yes, it's totaled. Mine with 80k was totaled for a much lesser front end hit than yours so you don't have a prayer on that end. I went through geico and the first offer was ~8200 then after showing them comps they went up to 9000. It sucked. If you have receipts for maintenance some will allow it.


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[ELCID86]

I think $9k would be a best case scenario.

[wookim.design]

Wow lots of info. Thanks so much guys! I am hoping for the best and preparing for the worst. Just to get an idea, my ZHP is 03 with no other packages than performance, has sunroof and xenon. It has roughly 167000 miles. What would be the fair amount I can expect from the insurance?

[az3579]

Wow lots of info. Thanks so much guys! I am hoping for the best and preparing for the worst. Just to get an idea, my ZHP is 03 with no other packages than performance, has sunroof and xenon. It has roughly 167000 miles. What would be the fair amount I can expect from the insurance?

I'm thinking the mileage kills any chance at getting close to what others have been getting with fewer miles.

Here is what NADA says for your car:



Rough
Trade-In
Average
Trade-In
Clean
Trade-In
Clean
Retail


Base Price
$1,650
$2,700
$3,575
$5,600


Mileage (167,000)
-$150
-$150
-$150
-$150


Total Base Price
$1,500
$2,550
$3,425
$5,450


Options: (change) (http://www.nadaguides.com/Cars/2003/BMW/3-Series/Sedan-4D-330i/)






W/out Leather Seats
-$250
-$250
-$250
-$250


W/ 5/6 Speed Manual Trans
-$300
-$300
-$300
-$300


Price with Options
$950
$2,000
$2,875
$4,900




I'm guessing their offer is going to be based on information like this. There should be a few similar-mileage vehicles for you to compare to though, which hopefully brings it up a bit as I rarely see ZHPs being listed for this kind of pricing.

[wookim.design]

Alright I got a call from the adjuster and turns out that he knew a little bit about these cars and I think what he offered was more than fair so decided to take it. Good to see ZHP's getting more recognition :D

[NYRhockey]

you cannot leave us hanging like that. How much did you get?

[roadbiker_2]

Glad to see that things worked out. What is being done with the car, insurance company taking it off to a yard?


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[hcbeck2689]

you cannot leave us hanging like that. How much did you get?

+1


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[wookim.design]

Haha my bad. They offered me 6750 which i think is reasonable considering i paid 8000 more than a year ago.

[BMWCurves]

Haha my bad. They offered me 6750 which i think is reasonable considering i paid 8000 more than a year ago.

Not too bad. Who's your insurance co, if you don't mind my asking?

[wookim.design]

Haha my bad. They offered me 6750 which i think is reasonable considering i paid 8000 more than a year ago.

Allstate.

[MrAdventure]

Sorry to read and see this.

What actually happened in the collision?

[johnrando]

Good you got what you think is fair, you never know how those things may go.

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